Category: This Month in Coal

Cloud Peak Breaks the Buck

The U.S. coal company, Cloud Peak Energy, the largest pure play Powder River Basin coal producer, announced that on December 26, 2018, it was notified by the New York Stock Exchange (NYSE) that the average closing price of the...

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Oyu Tolgoi Signs Power Source Framework Agreement

Turquoise Hill Resources signed a Power Source Framework Agreement (PSFA) between Oyu Tolgoi and the Government of Mongolia (Government), which provides a binding framework and pathway forward for the construction of a Tavan...

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Queensland Approves EIS for China Stone Coal Project

MacMines Austasia Pty Ltd. has received approval from Queensland’s coordinator general for the China Stone Coal project, a major step for the development of another huge Australian coal project. MacMines Austasia is a subsidiary...

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New Hope Acquires Controlling Interest in Bengalla JV

New Hope has reached a binding commitment with Taipower with respect to the Bengalla Joint Venture (JV). Taipower will purchase a further 10% interest in the Bengalla JV by participating in the sale by Wesfarmers Ltd. of its 40%...

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NRP, Foresight Resolve Legal Dispute

Natural Resource Partners and Foresight Energy recently settled litigations regarding Foresight Energy’s Hillsboro Energy Deer Run mine and Foresight Energy’s Macoupin Energy Shay mine. Upon execution of final documents, NRP...

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Westmoreland Files for Bankruptcy

During early October, Westmoreland Coal Co. entered into a restructuring support agreement (RSA) with members of an ad hoc group creditors. To implement the RSA, the company filed voluntary petitions for relief under chapter 11...

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Peabody Will Acquire Shoal Creek Mine

Peabody Energy has signed a definitive agreement to purchase the Shoal Creek metallurgical coal mine located on the Black Warrior River in Alabama from private coal producer Drummond Co. Inc. for $400 million. Shoal Creek serves...

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Bowie Changes Name to Wolverine, Moves to Utah

U.S. bituminous coal operator Bowie Resource Partners moved its corporate headquarters from Grand Junction, Colorado, to Sandy, Utah, and has changed its name to Wolverine Fuels LLC. Wolverine will continue to operate the Sufco,...

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Coronado Launches Large Coal IPO

U.S.-based Coronado Global Resources launched what is set to be Australia’s biggest coal mining float in six years with an initial public offering (IPO) that seeks to raise $946 million and capitalize on Asian demand for...

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South32 Acquires 50% of Eagle Downs

South32 Ltd. has completed the acquisition of a 50% interest in the Eagle Downs metallurgical coal project in Queensland’s Bowen Basin. South32 also assumes operatorship with the other 50% interest in the project held by Aquila...

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Peabody Fights Fire at North Goonyella

Peabody has developed a multitiered plan in an effort to extinguish a fire at its North Goonyella mine in Queensland and contain the impacts. The plan was reviewed by the Queensland Mine Inspectorate and is undergoing...

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